Tesco (OTCMKTS:TSCDY) Shares Gap Up – Time to Buy?

Shares of Tesco PLC (OTCMKTS:TSCDY) gapped up before the market opened on Thursday. The stock had previously closed at $18.88, but opened at $20.03. Tesco shares last traded at $20.18, with a volume of 7,404 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Morgan Stanley restated an “overweight” rating on shares of Tesco in a report on Monday, July 6th. Erste Group Bank downgraded shares of Tesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Tesco Price Performance

The business has a fifty day simple moving average of $19.02 and a 200 day simple moving average of $18.94. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.39 and a current ratio of 0.59.

Tesco Company Profile

Tesco plc is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company serves customers through supermarkets, superstores, convenience stores and online grocery channels, offering food, household products, clothing, health and beauty items, and other general merchandise. Tesco also operates fuel stations and provides selected financial and mobile services through associated businesses and partnerships.

Tesco’s operations are concentrated in the United Kingdom and the Republic of Ireland, with additional stores in the Czech Republic, Hungary and Slovakia.